Reason for this visit

According to the Reuters, the United Kingdom has expanded its leading position in the field of global FX trading in the years since it voted to leave the European Union. In addition, the British retail foreign exchange market has one of the world's three most stringent regulatory bodies, that is the Financial Conduct Authority (FCA). Many FX dealers take obtaining FCA regulation for pride, and also hope to enter the country to develop market business. To help investors or practitioners have a more comprehensive understanding of the dealers in that country, the survey team is going to UK for site visits.

On-site visit

This time the survey team went to London, England to visit the foreign exchange dealer SVSFX as planned. The survey address is 4th FloorPrinces Court7 Princes Street LondonEC2R 8AQUNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is an office building located at 7 Princes Street in London, England. It is connected with other buildings and is a typical European-style building. It is located in an office block and the neighborhood is very prosperous.

The survey personnel searched outside the building for a while, but did not find the logo or other information of the foreign exchange dealer SVSFX. In addition, the survey personnel were unable to go inside, so they had to end the survey trip.

Conclusion

The investigators went to visit the foreign exchange dealer SVSFX in London as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are advised to choose the dealer carefully.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.